Sunworks Inc (SUNW) Stock Price Up 2.3%
Sunworks Inc (NASDAQ:SUNW) shares rose 2.3% on Thursday . The company traded as high as $2.69 and last traded at $2.63, with a volume of 238,263 shares changing hands. The stock had previously closed at $2.57.
SUNW has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 31st. TheStreet raised shares of Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd.
The stock has a market capitalization of $52.96 million and a P/E ratio of 29.45. The firm’s 50-day moving average price is $2.39 and its 200-day moving average price is $2.58.
Sunworks (NASDAQ:SUNW) last issued its earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Equities analysts expect that Sunworks Inc will post $0.19 EPS for the current fiscal year.
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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